Aristocrat Leisure - Sold

This morning Aristocrat Leisure announced that they have settled a class action against them, costing the company around $40 million. They seem to have got off lightly, they say that is about 8-9 cents per share, and will be funded with cash and other facilities - they have a large part of $40 million in cash!! So the share price jumped this morning, hitting $8.82 early on, mine selling for $8.80. I bought them at $7.30, so thats 20% in just 2 weeks (10 trading days). Gotta be happy with that!

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December 2. 2008 14:11